Cooperman says tech stocks are not 'irrationally priced' because of low rates

Leon Cooperman
Scott Mlyn | CNBC

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Billionaire investor Leon Cooperman believes technology stocks' sky-high valuations are justifiable with interest rates at historic lows.

"If you look at interest rates and you look at the growth rates of these companies, they are not irrationally priced. They are not cheap, but they are not irrationally priced," Cooperman said on CNBC's "Squawk Box" on Friday.